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are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs eeonomy is taking a step forward, but some economisss say ii's on a slow path. -3 some say one offthe things polding up progress is folkss in washinggon. president obama is ccaling on lawmakers toowork together on a balanced approach to reduce the deficit and promote economii growth. but continued gridlock may pmpact a deal.dowd: republicans are unwilling to let's ddficit spend in order 3&&pare unwilliig to address -3 government ssending, so they -3 deficit spend, both sides, wwich iswhy the country does not rust washington. -& while thh wwite house and 3
. it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10 years. what this means for regular folks. >> here is what it boils down to, basically. if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to come up with a budget t
" is next. host: the federal deficit is expected to dip below one trillion. the news comes as republicans and democrats face a march 1 deadline to avoid billions in across-the-board spending cuts. the pentagon announced it will offer benefits to same-sex couples. in the senate is wrapping up work on the violence against women act. and the house will vote on a bill requiring the president to offer a plan to balance the federal budget in 10 years. good morning. we begin with your take on the leaked white paper from the white house just fine drone strikes on u.s. citizens overseas. nbc news reported on the memo monday night and it has gotten lots of reaction in washington. what are your thoughts? call -- we want to get your thoughts on social media as well on twitter or facebook. or send us an e-mail. we will get your thoughts in a moment. first, josh gerstein is joining us on the phone. here's your headline -- what was this memo? guest: this is a white paper that looks like it was derived from some confidential legal opinions that the opinions -- opinions that the justice department wrote t
revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to require universal background checks, limit how many bullets
are in for a massive and unsustainable increasing deficit if we don't get a handle on entitlements. good morning. glad to have you with us. gregg: the cbo is saying it deficit will go down to $840 billion. that's the first time it will drop a trillion dollars under president obama. martha: but with baby boomers retiring at the rate of 10,000 people a day. entitlement spending is set to explode. stuart, as we pointed out, there is a lot of enthusiasm that we won't rack up a trillion dollar deficit. >> reporter: the headline was all about the deficit is going to be below a trillion dollars. that's great news. the bad news and there is a lot of it. the next 10 years medicare will cost $1 trillion a year. obama-care subsidies will total nearly a trillion dollars. the cost of medicaid will double and the debt will go to the highest portion of tour economy than it's been in a generation. there is dismal views on the current state of the economy. 1.4% growth this year and the unemployment rate will rise at 8% and stay that way for years to come. martha: the cbo makes very clear we need to do some entitlement
the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that federal spending cuts will go into effect march 1st says the government will run a deficit of $845 billion this year compared to last year's $1.1 trillion shortfall. but the cbo's ten-year outlook predicts those improvements will not last. it warns that an aging population will drive up entitlement spending and rising interest rates will put the debt at unsustainable levels. if current laws remain in place, debt by 2023 only ten years from now will equal 77% of gdp. that's roughly double the 39% average seen over the past 40 years. >>> and president obama is asking lawmakers to take quick action as a march 1st deadline approaches that will trigger deep spending cuts. "the new york times" writes this morning that "mr. obama, who missed a deadline this week to submit his annual budget to congress, acknowledged on tuesday that a broader deficit agreement is unlikely to be reached by the march deadline. he provided no details about the t
-basse... incorporrted.it showss hat ballimooe willlaacumuuaaee$7455 miilion dollaas in budget deficits ooer the nexx decade... due to a wideningg - and expenditures.if yyuuadd in the city's iifrastruuture peeds nd also itts llabilityy for retiree healtt care 3 shortfall reachee $2-billlon dollars over 0 years.the & report goes on to say that baltimorees city governmenn must enacc major rrffrms to avoiddbankrrptcy. &3 we now altimore hassdelt withhbudget deficits before. - you may remeebee city government closed a $121 million dollar buget gap in p2-10... y enacting somm new taxes... like tte tax on bottled beverages and igher hotel andd arring levves.buu exxerts say those wereeone--- time fiies... and didn't address theelong-ttrm consulttnggfirm that diddthe report... prepared imilar forecasts for mmami... phiildelphia... pittsburgh and d--cthe news is expecteddto be peleased o the public at poday's city council meetinn. 3&pwe'rr hooing toohear from the - mayor at that tiie.aad poosible solutions.as for the more whaatexperts say is to blame in justt30 min.i'm meg
the deficit instead but it didn't happen. house republicans poind out they passed a bill to replace the sequester with cuts to federal worker pay, food stamps and other programs. democrats say that puts the burden on poor and middle class americans to pay for debt reduction. >> remember the american people still believe by an overwhelming margin that the rich should contribute to this. >> reporter: republicans argue democrats have no plan for replacing the sequester beyond eliminating tax breaks for corporate jet owners and oil companies. >> these aren't real solutions, mr. president. they're poll tested gimmicks. >> reporter: the cuts were originally supposed to kick in last month, but a last-minute deal pushed them off for two months. the president is meeting at this hour with labor leaders later this afternoon with business leaders and the subject, norah and charlie, is sure to come up. >> nancy cordes thanks. >>> meantime house majority leader eric cantor will be outlining a new agenda for his party today calling for change. he wants republicans to focus
. the report shows the city will accumulate $745 million in budget deficits over the next 10 years. the projected budget shortfall is $2 billion. the mayor said when you have budget after budget and you know there are problems, we have an obligation to do more than we have done in the past before it is too late. >> police trying to figure out what happened that led to a triple stabbing on tuesday. sarah sampson is live with the latest on the investigation. >> it happened at the intersection of howard and fayette street. it is not clear if the people involved attended the parade. a fight broke out at 1:30 afternoon. one man was stabbed to death, two others were wounded. >> downtown baltimore is one of the safest parts of the city. we work hard at it. we make sure people feel safe. we are going to find out who did this on a day that baltimore was going to celebrate. >> one victim was in critical condition as of last night. police say they have been planning for this parade for the past two weeks. there were a number of plainclothes officers on duty yesterday. sarah sampson, wbal-tv 1
a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about what cuts will be made during her state of the city address next week. if you'd like to take a closer look at our report, you can go to our website, wbaltv.com. >> president obama is hoping to get more democrats to support his second term plans. a push that came through annapolis today. he addressed senate democrats at a closed-door retreat. he delivered a preview of next week's state of the union speech in hopes of getting more lawmakers to back his efforts to reform medicare and immigration as well as his budget plans and assault weapons ban. today we learned florida senator marco rubio will deliver the republican response to the
from 31 yards, deficit cut. 10 minutes left, 9ers down 31- 23, kaepernick dangerous with those wheels in from 15 oint. the two-point conversion fails but 49ers within two. less than two minutes, this really the game. 9ers down five, 4th and goal, incomplete. kaepernick trying to find crabtree. take another look, see if you see their little penalty there, jimmy smith on the coverage. yeah, they don't call it. john harbaugh with a pumped fist. jim harbaugh says this was what you should have called. no holding penalty. ravens defeat the 49ers in super bowl xlvii, 34-31 to win their second super bowl, first in 12 years, mvp joe flacco. the harbaughs with the postgame meeting. of course, ray lewis is excited, the 17 year vet goes out with a fairytale script winning the super bowl in his final game. >> it's no greater way as a champ to go out on your last ride with the men that i went out with my teammates and you looked around this stadium and baltimore, baltimore, we brought it home, baby! >> we don't make it easy, but that's the way the city of baltimore is. that's the way we are. [ chee
the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama important to the nation. >> hour house majority will
. president obama is calling on lawmakers to work on a balanced approach to deal with the deficit. >> republicans are unwilling to touch revenue. they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no reason why we can't have really strong growth in 2013. we can't have washington dysfunction getting in the way. >> reporter: on monday morning, the commerce department is expected to release factory orders for december. the measure indicates the health of the u.s. manufacturing sector. analysts expect an increase of 2.3%. in new york, mary ann rafferty, fox news. >>> good morning. it is 4:30 on this monday, february 4th. taking a live look over washington, d.c., a
with details of this. and, linda, we hear about cities reporting deficits and surpluses all the time, but this isn't very good, is it? >>reporter: not good at all this. report is due out today. it shows that baltimore is on the road to financial ruin and if drastic measures are not taken, the city will go bankrupt. the associated press obtained the 10-year financial forecast ahead of its release to the public today. it shows the city will accumulate a $745 million budget deficit over the next decade because of a growing gap in how much the city earns and the amount it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm. mayor rawlings blake is expected to propose financial reforms next week based on the report. linda stow, abc 2 news. >>> president obama will be in annapolis. he's going to talk strategy with u.s. senate democr
with smarter spending reductions to bring down the deficit. we can do it in a gradual way so that there is less of an impact. these deductions that certain folks can take advantage of, the average person cannot. not everyone has access to cayman island accounts, the average person does not have access to carry interest income, where they wind up paying a much lower rate on the billions that they earned. we want to make sure that the whole system is fair and transparent and that we are reducing our deficit in a way that does not hamper growth and reduce the kinds of strategies that we need in order to make sure that we are creating a strong middle-class. host: jim from south carolina, on the republican line, good morning. caller: how are you? host: well, thank you. caller: you keep mentioning and hearing people talking about pensions, but pensions are just invested the same way that 401k is. stocks and bonds. people with pensions lost money as well. i heard cases where people were not going to get as much money. if someone is manages their 401k, i do not know, it needs to be managed properly and
? the deficit. this year it will be below a trillion dollars, that's what the pundits focused on and ignored the grim reality. in fact, our debt is headed toward the worst levels in post war america. worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> first up this wednesday morning, gas prices, yes, they are still on the rise. national average for regular up more than a penny, now at 3.54. just in the past month the price of gas spiked about 25 cents a gallon. the underlying price of oil right now we're down, $95 per barrel. while gas prices are
instead of really dealing with the banks and dealing with the regional deficit overhang, he just created a circle of loop of help. so the government has been giving money to the regions, the banks to the regions and the government to the banks. but there's no real solution. the problems we main in spain. >> well, this is interesting. so, actually, michael brown was just talking about europe being somewhat of a closed economy. what you're talking about here in spain is this closed loop between the money that is getting in and borrowing. explain a little bit about this crazy looking chart here, flow chart, we should say, and this point that what happens in spain is staying in spain. >> this is a simplified chart of what has been going on. all the rectangular things are off balance. fade is the fund for utility financing. they're funded by the government. rajoy on the 31st of december increased the limit of these funds. frob and the bad bank are funding the banking system, the weak banks, including bankia. and the ffpp is a fund where banks have lent 30 billion to the region. on top of this
but isn't a lot of agreement to achieve $1.2 billion of deficit reduction over ten years. >> i believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging affects for a few more months until congress finds a way. >> there's no greater moral imperative than to reduce the mountain of debt that's facing us, our children and theirs. and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. >> you really get a sense of the different of opinion now is the time to deal with the deficit problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemploy
, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts. the sequestration cuts are unpopular with both parties and there are concerns about the economic impact. >> our economy right now is headed in the right direction and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: you may remember these cuts were originally scheduled to kick in on january 1st because congress could not agree on a broader package for deficit reduction back in 2011 and 2012 in exchange for republicans agreeing to raise the d
of where we stand and where we're going. the 2013 deficit standing at $845 billion. last year it was $1.1 trillion. so obviously we're going in the right direction. but they do give a grim fast if there is a type of austerity measure that is in place while the economy remains very fragile. >> well, that's right. there are two things we have to work on at the same time. the most important thing is to make sure that we continue to see an economic recovery, that we do what we can to accelerate that recovery, put more people back to work. and the sequester would undercut that effort, because if you take that much money out of the economy very rapidly in this across-the-board way, it will result in lost jobs, which is why we proposed this alternative. now over the longer term, there's no doubt we have to reduce our deficit, but we have to do it in a smart and balanced way as the president has said, and that's why we have proposed a combination of cuts and we've already done $1.5 trillion in cuts as part of the budget control act and other action. we did some revenue as part of the most recen
adding 10 to 15 billion dollars onto debt to keep running up these deficits year after year. something has to change. what's the answer? do we raise -- hold on. do we raise the price of stamps or renegotiate your contracts? >> first off, you talk about the billion that -- the money you just talked about, how much of that is the prepayment which he we are funding prepaid military benefits for all other agencies. we're the only government agency required to do that since 2006. >> all right. >> as mandated by. paea. so without that, how much of that loss would have been actual loss? >> well, i don't know, but i know for the last three or four years there have been multiple billion dollar losses that the postal service has thrown over to the treasury which myself and most of our viewers out here, we're funding the treasury but the postal service is throwing losses onto us. >> the postal service has not taken any taxpayer money. >> absolutely incorrect, ma'am. where is the money coming from? tell me where the money came from. >> the postal service has no record of taking taxpayers' money. w
discutir tambien el tema migratorio y la reduccion del deficit... fernando pizarro nos amplia... la camara de representantes inicio oficialmente el debate por 1 reforma migratoria, invitando al alcalde de san antonio julian castro y a expertos sobre inmigracion.el p capitolio seria sobre ofrecer un camino especial a la ciudadania para los indocumentados, algo que muchos republicanos no apoyan. rep. raul labrador (r-idaho) 1 camino especial no voy a apoyar, pero no tengo ningun problema con las personas que se legalicen que puedan aplicar por el camino que existe en este momento. organizaciones migratorias, sindicales, de derechos civiles y empresariales se reunieron con el presidente este martes para exigir que la ciudadania para los inmigrantes no tenga obstaculos.marielena hincapie, nacional de ley de inmigracion es que nuestra comunidad esta exigiendo que tengamos 1 camino hacia la ciudadania que sea claro, directo, sin impedimentos. cristina jimenez, united we dream lo que nosotros le presentamos a el es la necesidad de 1 camino a la ciudadania para toda nuestra comunidad indocumentada
. the city of baltimore is looking at a huge deficit in 10 years if it keeps going the way it is now. we're talking $2 billion. it came in a new study commissioned by the city. it comes with aging infrastructure and pensions. >> if we act now,y and boldly, we can change the tra ject pri for the city. >> her first proposals will be rolled out during the state of the city address which comes on monday. >>> this may take a chemist to pronounce the ingredients in ice cream. what about the ones that are supposed to be all natural. we'll tell you what you may friend briar -- find from breyer's. >> we have the results of a new dating service coming up. >>> ice cream lovers have been buying breyer's ice cream for decades. it's one of the few brands that prided itself on being natural but some foodies are furious. they said breyer's is changing its recipe. john matarese as more. >> reporter: they have prided themselves as one of the last natural ice creams but have you noticed? that's all starting to change. when you think of ice cream in the supermarket, many of us think breyer's for its wholeso
the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in sight to that hostage standoff in alabama. jim continues to hold a 5-year-old boy in a bunker. they have been communicating with him and they are able to provide medicine to the child. ethan will turn 6 years old later this week. so far authorities are tight lipped about what he wants. police say this standoff continues. funeral services were held until alabama for that bus driver. he tried to block him from grabbing more students off the bus. people say he acted heroricically when hi got in the way of the gunman. >> a spokesperson says clinton is a long-time friend and the mayor advised hillary cli
, the city is facing 3 deficit..... and according to city consultants, that will billion dollars in the next &pdecade if thh city oeen't change its course..- he mmyor delivered the news yesterray when she releassd a grim forecast of the city's financial future. pith the highest taxes in the pttte....always seem toobe broke? the mayor blamee &pheallhhcare and pension costs 3 tonight, sme critics are blamiig city leaderssfor &pcrrating a pension rogram which....they cannot fund. -33 3 2:19:48would put so much eephasisson retirement - benefits, when you doostatic workkorce." & tonight attten, 33&p tonight at ten, we'll pake a hard look at the siie offcity governmmnt. the city may be shrinking....but is youu overnment ssrrnking too....:? jjff abell, foo p5, ews at five. 3 a... judge ...has dismissed a lawsuit... & over the mmyyr's lan... to install a phone systtmm.. for baltimore city eeployees. employees.the suit... -3& wws... filed by 33 ppatt..../she claimed... mayor ...administ
the issue right now is raising rates. the question is if we are serious about reducing our deficit can we stop waste in govment, can we conform healthcare programs in particular. we spend a lot more on healthcare than every other country does and we don't get better outcome. there are things we can do to reduce healthcare costs. >> and can we post loophole deductions lawyers take advantage of so they paoloer rates than bus driver or cop? if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken on the federal level to reduce gun violence. it shows deep de visions over what toe do about curbing the violence. a former navy man watched his wife traumatic giffords watch
of a man, but he actually tripled the deficit and debt and expanded the size of government to or proportions, the same as george bush and republicans always blamed democrats, even though clinton and obama both have lower the deficit if you look at the treasury's website for every fiscal year. every single republican from nixon to george bush as we expanded the deficit greatly. the congress didn't change. it is just the president, but it's always blamed on congress. whenever credit given, they want all the credit, none of the responsibility. republicans will say divisive things. zero, this birth certificate or you're not american enough for denver. >> guest: three things. as a general matter, members of those party blame the other party. president obama more than any in my lifetime has landed the republican party and generally been whining or can need more excuses than any president. he seemed as if he couldn't give a speech for a while without claiming everything, including athletes foot on george w. bush. that gets tiresome after a while. but the criteria is claiming the o
will accumulate a $745 million budget deficit over the next decade because of a dproaing gap in how much the city earns and the amount it spends. that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state capitol of annapolis. the president is heading there to address u.s. senate democrats during their annual retreat. the event is an opportunity for each cause to talk about the strategy for the upcoming year and a calmer -- in a calmer setting than our nation's capitol. >>> jurors are still trying to come up with a verdict in the felicia barnes murder trial. day three of deliberations will begin this morning. jurors got the case on monday and spent yesterday going over all
't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax increase with a narrow 5.5% wholesale tax on gasoline. the second amendment would have set the retail fuel tax at 8%. governor mcdonnell issued a statement which said clearly this was all about partisanship, not policy and virginians deserve far better from their elected officials. >>> d.c. mayor gray vincent unveiled new proposals in his annual state of the district address. >> we are growing more than in decades with 30,000 new residents in the last two years, a growth rate of more than 1100 net new residents per month. >> the mayor proposed spending millions of dollars to build and preserve affordable housing. he also wa
on a deficit-reduction plan. sally kidd has the latest on the republican plan from our washington bureau. >> republican members of the house and senate armed services committee say their proposal would achieve $85 billion in savings without raising taxes. the republican plan calls for reduction in the federal work force through attrition and a pay freeze for members of congress. >> this is the way of doing it without cutting defense is -- defenses and without raising taxes. >> sequestration will be delayed for one year while congress works on a long-term deficit reduction plan. >> every discussion we occurred from the president seems to begin and end with tax increases. >> the white house says the gop plan is not balanced. >> they do not have the support of the american people. compromise solutions have the support of the american people. >> without action by march 1, $500 billion in arbitrary and across-the-board cuts to defense and domestic programs will take effect. >> this is not a game. >> leanne panetta accused members of congress of playing politics with national security. >> if t
unless somebody take some serious action. an accumulated seven runs and $45 million budget deficit within the next 10 years -- and accumulated $745 million. the reserve fund would be empty in three years. the mayor lays out her financial reform package to the city council. >> a late-night shooting sends one man to the hospital. one man is sent to the hospital. the victim was shot in the arm. no word as to a suspect or a possible motive. there was a triple stabbing downtown that left one person dead. sarah sampson has more. >> it happened at the intersection of howard and fayette streets. it is not clear if the people involved attended the parade. city police say a fight broke out at 1:30 in the afternoon. one man was stabbed to death, two others were wounded. a group of boys were involved in a fight. police are confident crime camera footage will lead to an arrest. >> downtown baltimore is one of the safest parts of the city. we work hard at it. we make sure people feel safe. we are going to find out who did this on a day that baltimore was going to celebrate. we owe it to the family and
million budget deficit over the next decade pause of a growing gap -- because of a dproaing gap in how much the city earns and how much it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philly. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> it was a party bigger than anything we have ever seen. more than 200,000 people gathered to celebrate the super bowl champions, the baltimore ravens. you better believe, though, a big story was traffic congestion. it caused huge delays. in fact, the players, the coaches, the lombardi trophy, that's why they were late to start the parade in the first place. they finally made it to the start of city hall where things kicked off and with the help of the maryland national guard, things got moving. the team rolled th
deficit over the next decade because of a growing gap in how much the city earns and the amount it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawltings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> thousands of people are celebrating the raven's super bowl win, violence hit the streets of baltimore. just two ploks from pratt street, police say a fight led to a triple stabbing and that a teenager is dead. this happened around 1:30 yesterday afternoon at the corner of howard and fayette. the teens were between the ages of 15 and 16 years old. one teen is in critical condition, the other is in serious condition. abc 2 news has found a memorial page for one of the teens, that teen who was killed. police have not released his name just yet, but t
in washington. lori: you look at our ballooning national debt in the battle over the current deficit. what is the best outcome? >> that would be for the federal government to reduce spending. that is just all there is to it. lori: where exactly? i have to interrupt you, we are not getting enough detail as to where those tough cuts should come. >> i think they should come from everything. we definitely have to have some entitlement reform. you are seeing an explosion in expenditures in all areas of government. it will have to be trimmed back. one of the things we will be doing is finding those areas in our respective jurisdictions. lori: how do you think about the meat cleaver, if you will, regarding the cuts? >> well, it will happen unless the president wants to come to talk to us about meaningful cuts. the house has passed two bills now. this president is basically says no and does not want to talk to us. he needs to come talk to us. otherwise, it will happen and it will be very tough on a lot of different areas. lori: one silver lining in this national small business association, or econ
like the deficit in the ryan budget was we will save unbelievable amounts of money by turning medicaid over to the states and somehow they will figure it out. >> that's more information than other people are putting out. >> talk about missing deadlines, now this is a really low bar. >> what is the democratic plan in the senate, let's say, or in the white house, to save medicar medicare? >> medicare actually - actually -- interesting you focus on that. medicare has been a pretty good story the past few years. my view is double down on things happening. medicare grew only by 3% last fiscal year, unbelievable low by standards. >> will you take that gamble >> for the next five years, i will take a 50/50 bet medicare will continue to grow at much slower rates than historically. >> down to 2 1/2, 3% the next couple years. >> that will tick up a little bit as the economy picks back up but i don't think we'll see the 10% growth rate. >> so you don't think medicare is a problem? >> it is a problem but this is one area better than official projections. >> what about medicaid. >> medicaid. big pr
was taken to a hospital to be checked-- he suffers from asperger's syndrome and attention deficit disorder. officials are declining to release details about todays raid. but say, they decided to carry it out because the boy faced imminent danger. after dykes was seen with a gun. still no word on exactly how the gunman died. >> jacqueline: the fog is going to be returning >> jacqueline: the fog is going to be returning bec[ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.88. real big deals this week and every week. only at safeway. ingredients for life. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by georg
the a blueprint would miss the deadline because the debate in washington over taxes, spending, and the deficit. it was supposed to be delivered to lawmakers yesterday. if you are worried about food safety the agriculture secretary tom vilsack says we need to cut back on a number of inspections on meatpacking plants unless congress can avoid the across-the-board spending cuts that take effect in march. he says the agriculture department is studying how to handlewhich could also impact nutritional programs and food safety research. we know we are in a housing recovery, but the d.c. market is on fire. i will have more on that in the next hour. live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. back to you. >> thank you. we will see you shortly. 4:38 34 degrees at this hour. >> still ahead, a frantic scene in the heart of baltimore. a huge warehouse fire >> welcome back. 4:41 right now. beautiful. the washington monument. 34 degrees this morning. >> we are above the freezing mark. >> that's where we should be this time of year? >> we are working on it. we will been wa
psiquiatra y, sobre todo a los medicamentos que requiere el niÑo que padece de deficit de atencion e hiperactividad podria ofrecerle alivio a los padres y al niÑo en cuestion sobre todo en la calidad de vida de todos en la familia. la adiccion al sexo es una enfermedad, en que la persona se siente como en una carcel., atrapado por sentir constante satisfaccion. la persona que padece este trastorno de conducta le implica problemas en todas las areas de su vida,. por otro lado debo comentar que esto no tiene nada que ver con que una persona sea "muy sexual, tener mucho deseo sexual o una gran actividad sexual con su pareja. la persona que lo padece tiene como fin conseguir y obtener por todos los medios el placer sexual sin importar los medios que utilice. este trastorno se trata con psicologo y terapeutas al igual que otras adicciones. vamos a unos mensajes pero antes..regresamos a ahora regresamos con oscar burgos quien se encuentra en baltimore en la celebracion de los ravens y nos tiene mas informacion deportativa... oscar!!! fiesta en baltimore tal y como se esperaba, miles de p
president obama took office, the federal deficit will drop below $1 trillion. last friday the down jones closed above 14,000 for the first time in five years. january brought modest job growth and drug dripping gains. for 10 scek tough months -- consecutive months housing prices have gone up. >> we sold 43 homes in the month of january, the best january since twief. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall the economy. karen travers, abc2 news, washington. >>> scammers started making threatening phone calls after a woman turned down a bogus offer. >>> it was probably just a joke but a niner fan could get into trouble after a stunt. the consequence he could face for pointing a laser at a news helicopter. my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches needed more support. in two minutes, the dr. scholl's foot mapping center showed me my free foot map and my number. i'm a 440. that matched up to the dr. scholl's cus
the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >> you stop for this passenger, you stop for the white passenger, you pass the black passenger, and you're not even licensed to pick up people on the street at all. >> quite a confrontation and now we have a big development in the wake of our undercover d.c. taxi investigation. the taxi cab commission is taking action to address the violations that we exposed. and it could include inspectors working alongside of our undercover crews. investigative reporter has been logging a whole lot of miles on this one, and russ, how would they embed their inspectors are our people? >> one of the frustrating things for viewers is that all those taxi cabs had to face was -- they walked scott free. in fact, one of those cabs, he would have impounded that if he had his lax along with us. the next time we do this operation, he doesn't have the resources to do und
if major changes aren't made the city will face a deficit of more than two (200) 000-0000 in ten years. the mayor is preparing to launch a series of major reforms. >> if we act now, if we act decisively and boldly, we can change the pra eject ri for the city. >> the mayor will dethe mrans monday during the speech. >> governor o'malley is pushing for tronger gun laws but some from maryland are pushing back. many gathered today to protest the gun laws. one of the protestors is a howard county schoolteacher. he would like teachers to have the option to be certified to carry weapons in schools i learned about sandy hook while i was teaching a first grade scomplas the first thing i thought was that i would have no means to defend my children if somebody came in. >> on top of the protest, the president met with leading democrats to discuss legislative issues some people are still cleaning up after superstorm sandy. tonight our two u.s. senators say federal help is on the way. the department of housing and urban development will be 8.6 million dollars in grant money to help the shore. t
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